HSBC Bank, House prices expected to rise 5% from next year   HSBC Bank lowered its expectations for a decline in house prices for the remainder of this year and announced that it will raise its annual rate to 5% by the end of 2024. Although house prices rose by more than 45% between the…

Office popularity soars: Precinct Properties   More Aucklanders are back at their offices five days a week in a trend dubbed “work from work” by New Zealand’s largest commercial listed landlord. Scott Pritchard, chief executive of multi-billion dollar landlord Precinct Properties, says his business has been studying office workers returning to their desks. Those workers…

Last week’s auction results and hot auctions   Mega auctions are starting to make a comeback with real estate agencies around the country putting together a whole heap of properties in the hope that they will be sold under the hammer on a single day. Auckland’s Ray White AT Realty is auctioning off 60 properties…

QV House Price Index, June 2023: Rate of decline softens   Housing prices are still declining, but the ‘average home value’ has fallen 11.8% from a year ago, and the decline is gradually easing. According to the ‘QV House Price Index’ released on July 11th (Tue), the quarterly average home price until June fell by…